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Nonprofiteer
← ILLINOIS ASSN OF REALTORS

Form 990 for tax year 2024

Filed by ILLINOIS ASSN OF REALTORS.

Totals

Total revenue
$16,889,706
Total expenses
$14,599,152
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,515,917
Investment income
$981,223
Other revenue
$392,566
Total assets, end of year
$53,812,255
Total liabilities, end of year
$10,311,646
Net assets or fund balances, end of year
$43,500,609
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBERSHIP DUES AND ASSESSMENTS

    total $14,897,845 · related or exempt $14,897,845

  • 2b · Program service revenue: CONTINUING EDUCATION

    total $309,496 · excluded $309,496

  • 2c · Program service revenue: REGISTRATIONS

    total $206,450 · excluded $206,450

  • 2d · Program service revenue: TRADE SHOW

    total $102,126 · excluded $102,126

  • 3 · Investment income

    total $983,836 · excluded $983,836

  • 7a · Gross sales of assets other than inventory

    securities $7,866,985

  • 7b · Less cost or other basis and sales expenses

    securities $7,869,598

  • 7c · Gain or loss

    securities -$2,613

  • 7d · Net gain or loss

    total -$2,613 · excluded -$2,613

  • 10a · Gross sales of inventory

    $302,286

  • 10b · Cost of goods sold

    $57,425

  • 10c · Net income from sales of inventory

    total $244,861 · related or exempt $244,861

  • 11a · Other revenue: MISCELLANEOUS

    total $122,913 · related or exempt $122,913

  • 11b · Other revenue: EXHIBITS

    total $22,972 · related or exempt $22,972

  • 11c · Other revenue: COMMISSIONS

    total $1,820 · unrelated business $1,820

  • 11e · Other revenue, total

    $147,705

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,772,698

  • 7 · Other salaries and wages

    total $4,525,934

  • 8 · Pension plan contributions

    total $325,000

  • 9 · Other employee benefits

    total $973,304

  • 10 · Payroll taxes

    total $455,219

  • 11b · Fees: legal

    total $74,433

  • 11c · Fees: accounting

    total $33,750

  • 11g · Fees: other

    total $469,521

  • 12 · Advertising and promotion

    total $208,350

  • 16 · Occupancy

    total $594,141

  • 17 · Travel

    total $878,917

  • 19 · Conferences, conventions and meetings

    total $1,330,496

  • 22 · Depreciation, depletion and amortization

    total $328,074

  • 23 · Insurance

    total $91,530

  • 24a · Other expenses: DISTRIBUTIONS TO LOCALS

    total $957,807

  • 24b · Other expenses: CONTRACTUAL SERVICES

    total $491,529

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $440,848

  • 24d · Other expenses: PRINTING AND PUBLICATIO

    total $436,050

  • 24e · All other expenses

    total $211,551

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $16,036,456 · end of year $14,069,624

  • 4 · Accounts receivable

    beginning of year $188,163 · end of year $262,194

  • 9 · Prepaid expenses and deferred charges

    beginning of year $411,150 · end of year $605,678

  • 10a · Land, buildings and equipment: cost or other basis

    $5,302,147

  • 10b · Land, buildings and equipment: accumulated depreciation

    $775,376

  • 10c · Land, buildings and equipment, net

    beginning of year $604,766 · end of year $4,526,771

  • 12 · Investments: other securities

    beginning of year $26,184,760 · end of year $28,441,449

  • 15 · Other assets

    beginning of year $5,489,577 · end of year $5,906,539

  • 17 · Accounts payable and accrued expenses

    beginning of year $926,492 · end of year $1,488,039

  • 19 · Deferred revenue

    beginning of year $8,374,884 · end of year $8,414,226

  • 25 · Other liabilities

    beginning of year $0 · end of year $409,381

  • 27 · Net assets without donor restrictions

    beginning of year $39,613,496 · end of year $43,500,609

Mission and programs · 2024

Mission

TO ESTABLISH AND MAINTAIN ETHICAL CODES AMONG REALTORS, AND TO PROMOTE AND FOSTER EDUCATIONAL PROGRAMS TO AID MEMBERS AND PROTECT PROPERTY RIGHTS.

  • PROVIDE A VARIETY OF EDUCATIONAL PROGRAMS FOR MEMBERS TO AID AND IMPROVE THE PROFESSION.

  • PROVIDE EDUCATION AND IMPROVEMENTS WITH REGARD TO THE ILLINOIS LICENSURE STATUTES.

As filed on the 2024 return.

Listed in Part VII

  • AMY BARNES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREA GREENWALT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AYN BARTOK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRANDON SHAFFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN KWILOSZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARRIE LITTLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBBIE PAWLOWICZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBROAH PRODEHL

    DIRECTOR

    Total calculated
    $5,159
    From this org
    $5,159
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • EDWIN NEAVES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ETHAN NAGAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EZEKIEL MORRIS

    2023 PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • GASPAR FLORES JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GINGER SREENAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF KOLBUS

    2024 TREASURER

    Total calculated
    $23,088
    From this org
    $23,088
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • JOHN LETOURNEAU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KINGA KORPACZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK MASSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT DIFANIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT SILVER

    2024 PRESIDENT

    Total calculated
    $39,067
    From this org
    $39,067
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • MATTHEW PERSICKETTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL GOBBER

    2024 PAST PRESIDENT

    Total calculated
    $17,975
    From this org
    $17,975
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • MICHAEL OLDENETTEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SIMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIGUEL FERNANDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NYKEA PIPPION MCGRIFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REBECCA THOMSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARAH WARE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOMMY CHOI

    2024 PRESIDENT ELECT/2023

    Total calculated
    $29,623
    From this org
    $29,623
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • TRACY ROYAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY BAKER

    CEO

    Total calculated
    $549,419
    From this org
    $518,048
    From related orgs
    $0
    Other
    $31,371
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,000
    Bonus
    $131,756
    Other
    $36,292
    Deferred
    $20,700
    Nontaxable benefits
    $10,671
    Filer's total
    $549,419

  • KRISTEN BUTCHER

    EEXUTIVE VICE PRESIDENT

    Total calculated
    $314,776
    From this org
    $296,789
    From related orgs
    $0
    Other
    $17,987
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,852
    Bonus
    $40,686
    Other
    $16,251
    Deferred
    $16,832
    Nontaxable benefits
    $1,155
    Filer's total
    $314,776

  • YOUNG BROCKHOUSE

    VICE PRESIDENT

    Total calculated
    $234,358
    From this org
    $187,733
    From related orgs
    $0
    Other
    $46,625
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,804
    Bonus
    $7,929
    Other
    $0
    Deferred
    $11,264
    Nontaxable benefits
    $35,361
    Filer's total
    $234,358

  • GREG ST AUBIN

    VICE PRESIDENT

    Total calculated
    $323,520
    From this org
    $283,840
    From related orgs
    $0
    Other
    $39,680
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,000
    Bonus
    $14,440
    Other
    $14,400
    Deferred
    $16,164
    Nontaxable benefits
    $23,516
    Filer's total
    $323,520

  • ELIZABETH URBANCE

    VICE PRESIDENT

    Total calculated
    $220,196
    From this org
    $178,715
    From related orgs
    $0
    Other
    $41,481
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,683
    Bonus
    $7,552
    Other
    $480
    Deferred
    $10,241
    Nontaxable benefits
    $31,240
    Filer's total
    $220,196

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
26 May 2025
IRS schema version
2024v5.1
Source object
202501609349300810

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